US MIDDAY: coffee higher on speculative buying

15 May, 2004

CSCE coffee futures crawled to a firm close Friday on speculative buying which was partly tied to options expiration, brokers said.
CSCE July arabica rose 0.10 cent to conclude at 72.10 cents a lb, ranging between 71.55 and 72.60 cents.
It was almost an inside day when compared to Thursday's range of 71 to 72.25 cents. Spot May added the same to 70.40 cents. Back months increased 0.10 or 0.15 cent.

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